Answered

Westonci.ca is the premier destination for reliable answers to your questions, brought to you by a community of experts. Explore thousands of questions and answers from a knowledgeable community of experts on our user-friendly platform. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform.

Randy and Donald were property developers, and they decided to construct a condominium in a certain neighborhood. Jim, who owned a chain of restaurants, heard of this agreement and opened a new restaurant in the same neighborhood even before the condominium construction began. However, the plan for the condominium was not approved by the state authorities, and the project was cancelled. Jim suffered losses as a result, but he had no rights in the contract because he was a(n):

Sagot :

Answer: incidental beneficiary

Explanation:

An incidental beneficiary refers to an individual who isn't a party to a contract but later becomes a third party beneficiary who is unintended to the contract.

It should be noted that the incidental beneficiary has no rights that are enforceable under the contract. With regards to the question, Jim suffered losses as a result, but he had no rights in the contract because he was an incidental beneficiary.

Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Thank you for visiting Westonci.ca. Stay informed by coming back for more detailed answers.